Over the past 20 years we have worked with numerous business leaders in their respective fields. Successful business owners & senior management have many years of experience negotiating with customers and suppliers, however they often feel at a disadvantage when in discussions with one of their most important suppliers; those who supply finance.
In 2014 the FCA & CMA concluded that while only 13% of SMEs trust their bank to act in their best interest, the annual rate of switching banks is even lower (4%). While financial institutions are not always reflected fairly in the media, one of the main reasons for such a situation is, we feel, a lack of communication between businesses and lenders and a failure to understand banking products.
By understanding your relationship with your lender you will accurately identify your needs and achieve an optimal and cost-effective outcome. This article summarises some of those products & services.